Bitcoin and anonymity | Bitcointalksearch.org

kazakova

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Quote from: TimtheYoutuber on January 01, 2018, 02:05:35 PM

Is privacy really a big deal? I created a thread a little while ago to see some peoples opinion : https://bitcointalksearch.org/topic/m.25386090

And it seems that it is a huge deal, however we can see that Bitcoin is not really that anonymous . So the question is, why aren't privacy coins much bigger in terms of market cap? If people really value privacy, and there a ton of better options, why are we still stuck on Bitcoin that in some ways is inefficient?
Thoughts?

Reality is if you dealing with huge amount of money, you are not private with any coin. Government can track you easily.

perfect999

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Quote from: InBTC4years on February 03, 2018, 02:57:19 PM

Bitcoin has a type of privacy but not as much as many alts. As a general rule, don't do bad things - even if no one is watching.

Bitcoin is not exactly anonymous. It is what you can call as pseudonymous. Bitcoin transactions are like writing under a pseudonym. Once that is linked with the author, all tings related to it can be tracked. Now that pseudonym is basically the address of the holder but the twist comes in the way everything is stored. By using blockchain technology, it becomes pretty much difficult, time and resource consuming plus complex to find out transactions.

Mariela

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Bitcoin need anonymity .
Because if you are holding a extremely large amount of bitcoin you need to become anonymous . Nowadays your security is very important.

allfriends88

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Quote from: TimtheYoutuber on February 09, 2018, 12:34:14 AM

Quote from: InBTC4years on February 03, 2018, 02:57:19 PM

Bitcoin has a type of privacy but not as much as many alts. As a general rule, don't do bad things - even if no one is watching.

This is true, and I certainly dont think Bitcoin is a real trigger for people to suddenly become immoral. Pay taxes, and everything will be good.

I look forward to hopefully future bitcoin better again and could give a positive impact on everyone. and can change the economy of a country.

TimtheYoutuber

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Quote from: InBTC4years on February 03, 2018, 02:57:19 PM

Bitcoin has a type of privacy but not as much as many alts. As a general rule, don't do bad things - even if no one is watching.

This is true, and I certainly dont think Bitcoin is a real trigger for people to suddenly become immoral. Pay taxes, and everything will be good.

InBTC4years

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Bitcoin has a type of privacy but not as much as many alts. As a general rule, don't do bad things - even if no one is watching.

TimtheYoutuber

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Who else has some opinions on this?

TimtheYoutuber

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Quote from: gamechain on January 26, 2018, 11:02:57 PM

Quote from: TimtheYoutuber on January 17, 2018, 12:33:24 AM

As more people are getting into the space I think it is helpful to really understand bitcoin from a basic form. Let me know what you guys think.

Anonymous bitcoin:
1: Address generation without real name certification;
2: The address can not correspond to a real identity;
3: There is no association between different accounts of the same owner, and it is not possible to know the total amount of bitcoin for a specific user.

Not sure if you are trying to say bitcoin has these abilities, or in order to be "anonymous" it would need those on the list.

Identity can be linked to the address, and programs have been built and are being built to track transactions based on a lot of different things.

gamechain

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Quote from: TimtheYoutuber on January 17, 2018, 12:33:24 AM

As more people are getting into the space I think it is helpful to really understand bitcoin from a basic form. Let me know what you guys think.

Anonymous bitcoin:
1: Address generation without real name certification;
2: The address can not correspond to a real identity;
3: There is no association between different accounts of the same owner, and it is not possible to know the total amount of bitcoin for a specific user.

hdasd

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Quote from: dzkazmi on January 01, 2018, 06:24:45 PM

Its not that much anonymous anymore specially how governments wants the exchanges to give the data for tax reasons.

Bitcoin, an anonymous but not private transaction: There are no notes of personal information in his deal agreements, but every transaction traded in bitcoin is clear on the published electronic public books visible. This public account is what we know as the Bitcoin blockchain. The anonymity offered by Bitcoin is both a compelling feature and a challenge to financial regulation.

TimtheYoutuber

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Quote from: spinno on January 25, 2018, 03:12:54 AM

While most people put the bitcoin profitability to the fore, not its anonymity. They want to invest in it, in order to make a big profit after some time because of its price growth.However, bitcoin is really only relatively anonymous and needs to be strengthened. Everyone can go to the blockchein and look at the wallet of interest which coins are stored there and how much. This should not be. This information should be closed to the general access, as for wallets with large amounts of hackers make attacks in the first place.
It is an already well established fact that Bitcoin is not very anonymous, as soon as someone makes a serious investigation. The news has recently emerged that the US is tracking all transactions and possibly (my suggestion) building already a database of who is who among the holder. Many people actually think that Bitcoin is completely anonymous which is obviously false. Bitcoin is pseudo anonymous, everyone can view transaction details. Staying anonymous is really important because someone could use information about your wealth against you

I do agree with you that it is "anonymous" enough and is primary used right now as an investment. Most people however think it is anonymous because they dont research.

spinno

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While most people put the bitcoin profitability to the fore, not its anonymity. They want to invest in it, in order to make a big profit after some time because of its price growth.However, bitcoin is really only relatively anonymous and needs to be strengthened. Everyone can go to the blockchein and look at the wallet of interest which coins are stored there and how much. This should not be. This information should be closed to the general access, as for wallets with large amounts of hackers make attacks in the first place.
It is an already well established fact that Bitcoin is not very anonymous, as soon as someone makes a serious investigation. The news has recently emerged that the US is tracking all transactions and possibly (my suggestion) building already a database of who is who among the holder. Many people actually think that Bitcoin is completely anonymous which is obviously false. Bitcoin is pseudo anonymous, everyone can view transaction details. Staying anonymous is really important because someone could use information about your wealth against you

TimtheYoutuber

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Quote from: mikan111 on January 24, 2018, 01:27:23 PM

I like anonymity but I know anonymity is not possible no matter how hard you try. There is only more or less anonymity.

Keeping yourself hidden online is very hard. I agree to some extent.

mikan111

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I like anonymity but I know anonymity is not possible no matter how hard you try. There is only more or less anonymity.

TimtheYoutuber

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Quote from: raypinch on January 23, 2018, 12:59:35 PM

I am sure that privacy will disappear very soon, there will be privacy in coins but you will not be able to deposit or withdraw from exchangers without identity verification.

This is what I am thinking as well.

raypinch

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I am sure that privacy will disappear very soon, there will be privacy in coins but you will not be able to deposit or withdraw from exchangers without identity verification.

TimtheYoutuber

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Quote from: r1a2y3m4 on January 23, 2018, 07:42:15 AM

Nowadays, privacy is a big deal and so is identity. With millions of humans out there, the only thing that giving you meaning is your identity. That is why the dealings of that identity should be kept private. You heard of the theory that google and facebook are selling our privacy to make us susceptible to commercial right? imagine what the banks are doing with our transaction records.

Defiantly, which leads me to believe more people should be using privacy coins although I think they are more susceptible to regulation.

r1a2y3m4

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Nowadays, privacy is a big deal and so is identity. With millions of humans out there, the only thing that giving you meaning is your identity. That is why the dealings of that identity should be kept private. You heard of the theory that google and facebook are selling our privacy to make us susceptible to commercial right? imagine what the banks are doing with our transaction records.

_nur

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what mainstream reads

TimtheYoutuber

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Quote from: Irvinn on January 23, 2018, 01:09:02 AM

While most people put the bitcoin profitability to the fore, not its anonymity. They want to invest in it, in order to make a big profit after some time because of its price growth.
However, bitcoin is really only relatively anonymous and needs to be strengthened. Everyone can go to the blockchein and look at the wallet of interest which coins are stored there and how much. This should not be. This information should be closed to the general access, as for wallets with large amounts of hackers make attacks in the first place.

If big companies are going to accept it, something will have to be done. Companies will not want their competitors to see how much money is in their wallet.

Topic: Bitcoin and anonymity (Read 591 times)